As your financial partner, we strive to bring you the BEST in financial products and services as well as keep you informed on your finances. We have partnered with industry experts including Jim Stickley and George Chamberlin to bring you the best in financial education and tips.
Tips to Help Prevent Corporate Account Takeovers
Doing Your Business Banking Online – Securely
As part of our commitment to member safety, SDCCU continues to embrace the strongest security standards in the financial services industry. Protecting your financial interests is one of our most important priorities and that includes educating our members about cyber threats as they emerge, as well as best practices to guard against them.
Cyber-Crime Update: Corporate Account Takeovers
Is your business doing its due diligence to prevent a corporate account takeover?
Corporate account takeovers are a fast-growing electronic crime where thieves typically use some form of malware to obtain login credentials to corporate online banking accounts and fraudulently transfer money out. Learn how this can happen and what security steps your business can put in place to maximize security.
Malware: The Way Thieves Gain Access
Best Practices to Prevent Corporate Account Takeovers
Once the Account Takeover Happens: Fraud and Theft
Once the takeover occurs and thieves have access to accounts, thanks to the malware, the following methods have been used to actually commit fraud and/or steal money:
Domestic and International Wire Transfers
Business-to-Business ACH payments
Online Bill Pay
Electronic payroll payments
Signs of a Compromised Computer
Businesses are susceptible to viruses, malware and corporate takeovers. It’s important that you train your staff to recognize signs that may indicate the computer/network is compromised.
Authorized personnel are unable to log into online banking
Unusually slow computer
Unusual look to computer display
New toolbars or icons
Unusual pop-up message
Computer locks up unexpectedly
Computer restarts or reboots unexpectedly or inability to restart computer
Unexpected requests for password
Corporate Security Resources
To stay updated on new cyber threats and Internet security best practices, visit U.S. Computer Emergency Readiness Team (US-CERT).
SDCCU has partnered with cyber security expert Jim Stickley to bring you the best online security tips to keep you safe in our digital age of finance.
Jim Stickley, CTO and Vice President of Strategy & Solutions for TraceSecurity Inc., is a cyber-security expert with over 20 years of experience ranging from basic identity theft to national cyber terrorism. From his consulting work with Fortune 100 companies and multiple news agencies to his countless features in national magazines and newspapers such as Fortune Magazine, New York Times, Business Week to name a few, Stickley has proven himself to be ahead of the criminals when it comes to security vulnerabilities and is happy to share his knowledge to help keep your information safe.
San Diego County Credit Union makes no representations or warranties as to the completeness or accuracy of the information that is supplied on this page. Information is supplied upon the condition that the persons receiving it will make their own determination as to its suitability for their purposes prior to use.